David M. Shaffer, the President and CEO of EnerSys, has a solid background in engineering, with a Bachelor of Science degree in Mechanical Engineering from the University of Maryland. He brings extensive experience to his role, having held various leadership...

David M. Shaffer, the President and CEO of EnerSys, has a solid background in engineering, with a Bachelor of Science degree in Mechanical Engineering from the University of Maryland. He brings extensive experience to his role, having held various leadership positions within the company since 2008. Before becoming CEO in 2016, David was the President of the Asia and EMEA divisions, showcasing his ability to navigate global markets. Under his leadership, EnerSys has focused on performance-based executive compensation, emphasizing alignment with company goals and shareholder interests. In 2023, David's total compensation reached nearly 8.9 million USD, largely driven by his base salary but also through performance metrics. David's stake in EnerSys is noteworthy, as he owns about 216,419 shares, indicating his commitment to the company's success. His personal journey reflects a blend of technical expertise and business acumen, providing a strong vision for EnerSys in the energy solutions sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other EnerSys CEOs

E

David M. Shaffer

Ex-CEO of EnerSys

Education

Bachelor of Science in Mechanical Engineering from the University of Maryland

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1963 - 62 years ago

CEO of EnerSys for

1 year 7 months (Apr 2022 - Nov 2023)

Previous Experience

President of EnerSys, various executive roles at EnerSys

Rivals

Competitors/colleagues of David M. Shaffer

D

Richard J. Tobin

CEO of Dover

2023 Compensation

Stock

$3.25M

Salary

$1.29M

Bonus

$2.00M

Other

$207.19K

Total Holdings

$69.71M

T

Terrence R. Curtin

CEO of TE Connectivity

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$2.08M

Other

$368.57K

Total Holdings

$16.53M

A

Stephen D. Kelley

CEO of Advanced Energy Industries

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$877.50K

Other

$0.00

Total Holdings

$12.93M

E

Rakesh Sachdev

CEO of Element Solutions

2022 Compensation

Stock

$2.33M

Salary

$1.00M

Bonus

$231.00K

Other

$46.63K

Total Holdings

$31.46M

I

Andrew R. Schlossberg

CEO of Invesco

2023 Compensation

Stock

$0.00

Salary

$750.00K

Bonus

$2.80M

Other

$115.60K

Total Holdings

$12.35M

I

Nicholas Fanandakis

CEO of ITT

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$158.98K

Total Holdings

$1.45M

Holdings

See how much did David M. Shaffer make over time.

David M. Shaffer, the CEO of EnerSys, holds around 216,419 shares of the company, demonstrating a personal investment in its future. His shareholdings have seen fluctuations, reflecting market changes and company performance. Since he became CEO in 2016, his equity...

David M. Shaffer, the CEO of EnerSys, holds around 216,419 shares of the company, demonstrating a personal investment in its future. His shareholdings have seen fluctuations, reflecting market changes and company performance. Since he became CEO in 2016, his equity position has been closely tied to his role and responsibilities. In 2023, his stock holdings had a strong value as EnerSys has focused on expanding in the energy solutions space, which is crucial for future growth. This connection to his company's performance aligns his financial interests with those of the shareholders, reinforcing his commitment to driving the company's success.

Mar 18, 2025

E

shares

ENS @ $97.63

Total Stock Sold

$8.31M

ENS

$8.31M

91,335.895 ENS shares

What if they kept their stock?

If David M. Shaffer didn't sell their stock, today they would have:
Extra ENS91,335.895 shares worth $6.35M.
This is -23.53% and $1.95M less than what they got when they sold the stock.

Charitable Transactions

ENS

259,669 shares

ENS

Recent Charitable Transactions

ENS

129,834 shares

ENS

Feb 7, 2025

Charity

ENS

129,835 shares

ENS

Nov 25, 2024

Charity

Insider Trading

See recent insider trades of David M. Shaffer.

ENS

$1.57M

ENS at $100.18/share

Feb 12, 2025

Sale

ENS

129,834 shares

ENS

Feb 7, 2025

Charity

ENS

129,834 shares

ENS

Feb 7, 2025

Charity

ENS

197.87 shares

ENS

Dec 27, 2024

Received

ENS

129,835 shares

ENS

Nov 25, 2024

Charity

ENS

129,835 shares

ENS

Nov 25, 2024

Charity

ENS

$2.00M

ENS at $100.01/share

Nov 25, 2024

Sale

ENS

183.835 shares

ENS

Sep 30, 2024

Received

ENS

$1.76M

ENS at $100.08/share

Aug 29, 2024

Sale

ENS

$240.00K

ENS at $100.00/share

Aug 26, 2024

Sale

Compensation History

See how much did David M. Shaffer make over time.

In 2023, David M. Shaffer's compensation was impactful, reaching a total of about 8.9 million USD. This was primarily driven by a substantial base salary of 5.3 million USD. His earnings also included vested stock awards valued around 3.8 million USD, reflecting the company's commitment to linking executive pay with performance metrics. Notably, David received no annual cash bonus in 2023, which highlights the company's emphasis on performance-oriented compensation rather than guaranteed bonuses. This approach resonates with shareholders, aligning the interests of the management team with those of the investors. David's compensation is structured to motivate him to drive business growth while ensuring long-term company success.

Year

2023

Total Compensation

$9.09M

Salary

$5.30M

Board Justification

The compensation program is designed to link executive compensation to financial performance and align management's interests with those of stockholders through equity compensation.

Bonus

$0.00

Board Justification

The annual cash bonus is based on the Management Incentive Plan (MIP) metrics, which include operating earnings, primary operating capital, and non-financial transformational quantitative goals, with a payout of 124.1% of target for fiscal year 2023.

Other

$0.00

Board Justification

No other compensation was reported for fiscal year 2023.

Restricted Stock

$3.79M(39.33K RSU)

Board Justification

The value of stock awards that vested during the fiscal year 2023, calculated based on the closing price of the common stock on the last trading day prior to the date of vesting.

Performance Metrics

The primary performance metrics for the CEO's compensation include adjusted operating earnings, cumulative total shareholder return (TSR), and primary operating capital.

Other EnerSys CEOs

Here are other CEOs of EnerSys

Michael J. Schmidtlein

Ex-CEO of EnerSys

April 2015 - March 2022

Shawn M. O'Connell

CEO of EnerSys

November 2023 - Present